Oil firm Shell has reported annual profits of £13.9bn ($27.56) for 2007, a record for a UK-listed company.
The rise, attributed to rising oil prices, beat a 2006 record of £12.9bn. However, Shell has yet to report data on its oil reserves, which will shows whether it found enough oil in the ground to replace the amount it was taking out. Shell shares are listed in the UK and the Netherlands and its headquarters are in The Hague. It has set its dividend at $0.36 per share for the last three months of 2007, which is up 11% on the same period of 2006. Shell chief executive, Jereon van der Veer, says: "The results are satisfactory. “We made good progress in 2007, launched new projects upstream...
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